Live Nation Entertainment, Inc. (NYSE:LYV) Stake Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 55.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,012 shares of the company’s stock after acquiring an additional 9,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Live Nation Entertainment were worth $3,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LYV. Brooklyn Investment Group bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter worth approximately $38,000. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment during the third quarter worth approximately $41,000. Morse Asset Management Inc acquired a new position in Live Nation Entertainment during the third quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Oppenheimer increased their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Guggenheim upped their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Evercore ISI raised their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $143.93 on Wednesday. The stock has a market cap of $33.44 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The stock has a 50-day moving average of $139.69 and a 200-day moving average of $123.56. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.67 billion. As a group, sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.